Detached Two-Family
For Sale
$1,180,000
270 Greeley Ave, Staten Island, NY 10306
Detached two-family property in Staten Island with convenient access to shopping, dining, and public transportation.
Property Size2,160 SF
Price / SF$546.30
Days on Market252
Property Features for 270 Greeley Ave
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1955
Listing Agency:
Re/Max Edge
Listed By:
Dao Bo Lin · License #DL5775
(917) 816-2989
Source:
Statenislandhomelistings
Added: Jan 1
Changed: Sep 9
Last Checked: Sep 9 at 11:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Edge
Investment Insights
Based on property information with market context.
This detached two-family duplex is offered for sale and provides a separate, self-contained layout as a residential income property option. The home is located at 270 Greeley Ave, Staten Island, NY 10306.
Public remarks note convenient access to supermarkets and restaurants, along with short-distance access to multiple public transportation. The provided mobility scores include a BikeScore of 57, a WalkScore of 95, and a TransitScore of 71, indicating strong walkability and excellent transit access in the area.
Public remarks note convenient access to supermarkets and restaurants, along with short-distance access to multiple public transportation. The provided mobility scores include a BikeScore of 57, a WalkScore of 95, and a TransitScore of 71, indicating strong walkability and excellent transit access in the area.
Key Highlights
- Detached two‑family property in Staten Island
- Located in Grant City
- Convenient access to supermarkets and restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,097,340
$1.1M
Cap Rate 7%
$783,814
$783.8K
Cap Rate 9%
$609,633
$609.6K
Market Conditions
NOI Build-Up for 2,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.9K $38.40/SF
− Vacancy
−$4.6K −$2.11/SF
EGI
$78.4K $36.29/SF
− OpEx
−$23.5K −$10.89/SF
NOI
$54.9K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,097,340
Cap Rate 7%
$783,814
Cap Rate 9%
$609,633
Alternative Uses
Best Use
Multifamily LT 5
$783.8K
$685.8K – $914.5K
NOI $54,867 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$696.5K
$609.5K – $812.6K
NOI $48,756 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family property in Staten Island with convenient access to shopping, dining, and public transportation.
Where is this duplex located?
The property is located at 270 Greeley Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Detached two‑family property in Staten Island; Located in Grant City; Convenient access to supermarkets and restaurants
